Sanctions, Russia and ‘crypto crime’
After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of digital assets appears to be essential.
After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of digital assets appears to be essential.
To strengthen its AML/CTF regulations, EU lawmakers approved three new draft legislations that would ensure to uphold transparency, heighten authorities' supervision, and set up an AMLA unit.
The EBA is on the hunt for an individual with sufficient expertise in digital assets and one that could supervise financial institutions in an effort to ensure the smooth enforcement of the MiCA law.
While some, like Hong Kong, have modified their regulatory outlook to attract VASPs and investors, Dutch AFM says it will keep being hard on the industry.
The introduction of the European Union-wide digital wallet framework will move to interinstitutional negotiations after passing its plenary vote by 418 to 103, with 24 abstentions.
Global Policy Director at the BSV Blockchain Association, Bryan Daugherty, recently discussed with MarketScale how the EU’s regulatory sandbox is a first step in connecting regulators and innovators.
Having been approved by the European Parliament, the data law will now be sent to the EU Council and European Commission for negotiations, with the first round of negotiations scheduled for March 28.
In a new document, the European Central Bank breaks down the incentives and compensation of the digital euro, saying it combines digital payments with cash.
The European Union’s antitrust head says the region must adapt its policies to fit the digital age, including promoting healthy competition in the metaverse world.
The proposed change to the AML rules fills a noticeable gap in the EU’s landmark Markets in Crypto-Assets (MiCA) regulation, which currently excludes NFTs from its remit.
The European Blockchain Regulatory Sandbox will host 20 blockchain projects annually until 2026, pairing them up with the right regulators for guidance.
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.